BRIEF-S&P Raises West Texas Intermediate & Brent Crude Oil Price Assumptions For 2026

April 29 (Reuters) - S&P:

  • S&P: RAISED WEST TEXAS INTERMEDIATE & BRENT CRUDE OIL PRICE ASSUMPTIONS BY $15 PER BARREL (/BBL) FOR REMAINDER OF 2026 & BY $5/BBL FOR 2027

  • S&P: WEST TEXAS INTERMEDIATE & BRENT CRUDE OIL PRICE ASSUMPTIONS FOR 2028 AND BEYOND ARE UNCHANGED

  • S&P:PRICE INCREASES REFLECT MORE PERSISTENT OIL SUPPLY DISRUPTIONS, ELEVATED GEOPOLITICAL RISK PREMIUMS AS U.S.-IRAN PEACE TALKS REMAIN AT STANDSTILL

  • S&P: CONTINUE TO EXPECT ELEVATED GEOPOLITICAL RISK TO EXTEND INTO 2027

  • S&P: EVEN IF STRAIT OF HORMUZ FULLY REOPENS, OIL FLOWS ARE LIKELY TO RECOVER ONLY GRADUALLY

  • S&P: EXPECT ANY REOPENING OF STRAIT OF HORMUZ TO BE FRAGILE, WITH FLOWS VULNERABLE TO INTERMITTENT DISRUPTIONS

  • S&P: OUR 2026 ASSUMPTIONS ARE NOW $95/BBL FOR WTI AND $100/BBL FOR BRENT


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